Total amount raised
$8.1 Billions
Latest funding date
3/1/2023
Location
Stripe has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of financial and payment services designed to support businesses of all sizes.
Keep reading to explore the intricacies of Stripe's fundraising journey and the investors backing this innovative platform.
What Is Stripe?
Stripe, founded in 2010 by John and Patrick Collison, is a technology company based in South San Francisco, California. The company specializes in building economic infrastructure for the internet, offering a suite of financial and payment products.
Businesses of all sizes use Stripe's software and APIs to accept payments, send payouts, and manage their operations online. Their services include payment processing, financial accounts, customer financing, and more.
With a workforce of 5001-10000 employees, Stripe continues to innovate and expand its offerings to meet the evolving needs of the global market.
How Much Funding Has Stripe Raised?
- Series E
- Amount Raised: $245M
- Date: September 2018
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global operations and enhance product offerings.
- Series E
- Amount Raised: $100M
- Date: January 2019
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support continued growth and innovation.
- Series G
- Amount Raised: $250M
- Date: September 2019
- Lead Investors: Andreessen Horowitz, General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and market expansion.
- Series G
- Amount Raised: $600M
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial stability amid the COVID-19 pandemic.
- Series H
- Amount Raised: $600M
- Date: March 2021
- Lead Investors: Allianz X, AXA Group, Baillie Gifford, Fidelity, National Treasury Management Agency (NTMA), Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global reach and invest in new product lines.
- Series I
- Amount Raised: $6.5B
- Date: March 2023
- Lead Investors: Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, Thrive Capital
- Valuation at Round: $50B
- Motivation Behind the Round: To enhance financial infrastructure and support long-term growth.
- Grant
- Amount Raised: €10.1M
- Date: April 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund research and development initiatives.
- Secondary Market
- Amount Raised: $694.2M
- Date: April 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: $65B
- Motivation Behind the Round: To provide liquidity to employees and prepare for a potential IPO.
Total amount raised: $8.989B. Current valuation: $65B.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a private venture capital firm founded by Marc Andreessen and Ben Horowitz. The firm is known for its investments in technology companies at various stages of growth.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Facebook, Airbnb, Slack.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that has been investing in early-stage and growth-stage companies since 1972. The firm has a strong track record of backing successful technology companies.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Apple, Google, PayPal.
- Baillie Gifford
- Details: Baillie Gifford is an investment management firm based in Edinburgh, Scotland. The firm is known for its long-term investment approach and focus on growth companies.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Tesla, Amazon, Alibaba.
- General Catalyst
- Details: General Catalyst is a venture capital firm that partners with founders from seed to growth stage. The firm focuses on building enduring companies.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Airbnb, Snap, Warby Parker.
- Thrive Capital
- Details: Thrive Capital is a venture capital firm founded by Joshua Kushner. The firm focuses on internet and software investments.
- Investment Focus Areas: Technology, financial services, healthcare.
- Notable Investments: Instagram, GitHub, Robinhood.
What's Next for Stripe?
Stripe's future is brimming with opportunities, particularly in expanding its financial infrastructure services. With a valuation of $65 billion and high-profile clients like Amazon and Instacart, the company is well-positioned to leverage its strong market presence. The recent $694 million raised through a share sale underscores investor confidence and provides liquidity to employees, setting the stage for potential future fundraising, including a much-anticipated IPO.
However, challenges loom on the horizon. Navigating regulatory landscapes for a potential IPO and maintaining high valuations amidst market fluctuations are significant hurdles. Additionally, managing employee equity compensation and integrating new acquisitions will require strategic finesse. Despite these challenges, Stripe's robust financial health and market position suggest a promising path forward.
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